Shortly after the opening bell, we will buy 25 shares of CrowdStrike at roughly $347 and 15 shares of Goldman Sachs at roughly $552. Following the trades, Jim Cramer's Charitable Trust will own 225 shares of CRWD, increasing its weighting to 2.25% from 2% and 98 shares of GS, increasing its weighting to 1.55% from 1.3%.
And if you look out 60 days, the S & P rallied 8.32%. Another interesting statistic is that after breaching minus 8%, the market was higher 30 days later 70% of the time. After 60 days the market was up 80% of the time. Our takeaway from these stats is that an Oscillator reading this oversold means it is historically a good time to hold your nose and do some buying. Nothing is ever guaranteed, but history suggests the odds have shifted to the favor of opportunistic buyers.
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